Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) Sees Large Increase in Short Interest

Invesco Floating Rate Municipal Income ETF (NYSEARCA:PVI) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 2,590 shares, a growth of 465.5% from the May 14th total of 458 shares. Based on an average trading volume of 7,937 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Invesco Floating Rate Municipal Income ETF Price Performance

Shares of Invesco Floating Rate Municipal Income ETF stock traded up $0.01 during trading hours on Wednesday, hitting $24.86. The company’s stock had a trading volume of 5,243 shares, compared to its average volume of 7,748. The business has a 50 day moving average price of $24.81 and a two-hundred day moving average price of $24.81. Invesco Floating Rate Municipal Income ETF has a 12-month low of $24.62 and a 12-month high of $25.02.

Hedge Funds Weigh In On Invesco Floating Rate Municipal Income ETF

Large investors have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC increased its holdings in shares of Invesco Floating Rate Municipal Income ETF by 44.2% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 79,297 shares of the company’s stock worth $1,976,000 after purchasing an additional 24,302 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Invesco Floating Rate Municipal Income ETF by 6.5% in the second quarter. Jane Street Group LLC now owns 48,473 shares of the company’s stock worth $1,201,000 after purchasing an additional 2,949 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Invesco Floating Rate Municipal Income ETF in the first quarter worth about $991,000. Foundations Investment Advisors LLC increased its holdings in shares of Invesco Floating Rate Municipal Income ETF by 77.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 37,710 shares of the company’s stock worth $940,000 after purchasing an additional 16,492 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Invesco Floating Rate Municipal Income ETF by 1.7% in the first quarter. Cetera Investment Advisers now owns 28,221 shares of the company’s stock worth $702,000 after purchasing an additional 471 shares during the last quarter.

About Invesco Floating Rate Municipal Income ETF

The Invesco VRDO Tax-Free ETF (PVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of VRDOs issued by US municipalities. PVI was launched on Nov 15, 2007 and is managed by Invesco.